{"id":2494,"date":"2025-11-15T23:46:36","date_gmt":"2025-11-16T06:46:36","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=2494"},"modified":"2026-01-08T00:19:36","modified_gmt":"2026-01-08T07:19:36","slug":"cong-thuc-tinh-lai-vay","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/","title":{"rendered":"2026 \u5e74\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u6700\u51c6\u786e\u516c\u5f0f\u6307\u5357\u3002"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u8ba1\u7b97\u516c\u5f0f\u662f\u4f01\u4e1a\u5fc5\u987b\u638c\u63e1\u7684\u5f3a\u5236\u6027\u5185\u5bb9\uff0c\u4ee5\u7b26\u5408\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u7684\u8981\u6c42\uff0c\u5e76\u6700\u5927\u9650\u5ea6\u5730\u964d\u4f4e\u5728\u7a0e\u52a1\u7a3d\u67e5\u4e2d\u88ab\u6f0f\u62a5\u8d39\u7528\u7684\u98ce\u9669\u3002\u5728\u7a0e\u52a1\u673a\u5173\u52a0\u5f3a\u5bf9\u5173\u8054\u65b9\u4ea4\u6613\u76d1\u7ba1\u7684\u80cc\u666f\u4e0b\uff0c\u4e86\u89e3\u6b63\u786e\u7684\u8ba1\u7b97\u65b9\u6cd5\u3001\u5229\u606f\u8d39\u7528\u63a7\u5236\u7684\u9650\u989d\u4ee5\u53ca\u5982\u4f55\u6839\u636e\u73b0\u884c\u6cd5\u89c4\u5e94\u7528EBITDA\u53d8\u5f97\u5c24\u4e3a\u91cd\u8981\u3002\u4ee5\u4e0b\u90e8\u5206\u5c06\u8be6\u7ec6\u5206\u6790\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u7684\u6bcf\u4e2a\u6b65\u9aa4\uff0c\u5e76\u5f15\u7528\u5b9e\u4f8b\u548c\u7533\u62a5\u6ce8\u610f\u4e8b\u9879\uff0c\u5e2e\u52a9\u4f01\u4e1a\u5728\u7a0e\u52a1\u7ed3\u7b97\u8bb0\u5f55\u4e2d\u51c6\u786e\u3001\u81ea\u4fe1\u5730\u5e94\u7528\u8be5\u516c\u5f0f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5728\u6df1\u5165\u63a2\u8ba8\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u8ba1\u7b97\u516c\u5f0f\u4e4b\u524d\uff0c\u4f01\u4e1a\u9700\u8981\u6e05\u695a\u5730\u4e86\u89e3\u57fa\u672c\u6982\u5ff5\u3002<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u6307\u6570<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u5207\u6362\u76ee\u5f55\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">\u5207\u6362<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Giao_dich_lien_ket_la_gi\" >\u4ec0\u4e48\u662f\u8054\u76df\u4ea4\u6613\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Chi_tiet_cac_truong_hop_xac_dinh_cac_ben_co_Quan_he_lien_ket\" >\u6848\u4ef6\u8be6\u60c5\uff0c\u5176\u4e2d\u5217\u660e\u4e86\u5404\u65b9\u4e4b\u95f4\u5b58\u5728\u5173\u8054\u5173\u7cfb\u7684\u60c5\u51b5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Nguyen_tac_Giao_dich_doc_lap_Arms_Length_Principle\" >\u81c2\u8ddd\u539f\u5219<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Cong_thuc_tinh_tong_chi_phi_lai_vay_duoc_tru_va_Khong_che_30_EBITDA\" >\u8ba1\u7b97\u603b\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u548c 30% EBITDA \u63a7\u5236\u7684\u516c\u5f0f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Cong_thuc_tinh_lai_vay_giao_dich_lien_ket_gioi_han\" >\u6709\u9650\u5173\u8054\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Giai_thich_chi_tiet_cac_chi_tieu_trong_cong_thuc_tinh_lai_vay_giao_dich_lien_ket\" >\u5bf9\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u4e2d\u5404\u9879\u6307\u6807\u7684\u8be6\u7ec6\u89e3\u91ca<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Xu_ly_chi_phi_lai_vay_khong_duoc_tru_Phan_vuot_tran\" >\u4e0d\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u5904\u7406\uff08\u8d85\u989d\u90e8\u5206\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Truong_hop_EBITDA_am\" >\u8d1f EBITDA \u6848\u4f8b<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Phuong_phap_xac_dinh_lai_suat_chuan_Giao_dich_doc_lap\" >\u6807\u51c6\u5229\u7387\u786e\u5b9a\u65b9\u6cd5\u72ec\u7acb\u4ea4\u6613\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Phuong_phap_so_sanh_gia_giao_dich_doc_lap\" >\u72ec\u7acb\u4ea4\u6613\u4ef7\u683c\u6bd4\u8f83\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Cac_phuong_phap_dua_tren_Loi_nhuan\" >\u57fa\u4e8e\u5229\u6da6\u7684\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Tac_dong_kep_cua_Lai_suat_va_Gioi_han_30\" >\u5229\u606f\u548c\u9650\u989d\u7684\u53cc\u91cd\u6548\u5e94 30%<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Vi_du_minh_hoa_chi_tiet_cong_thuc_gioi_han_lai_vay\" >\u8be6\u7ec6\u793a\u4f8b\u8bf4\u660e\u5229\u606f\u9650\u989d\u516c\u5f0f<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Truong_hop_chi_phi_lai_vay_khong_duoc_tru\" >\u5229\u606f\u652f\u51fa\u4e0d\u53ef\u6263\u9664\u7684\u60c5\u51b5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Vi_du_minh_hoa_truong_hop_bi_loai_tru\" >\u4e3e\u4f8b\u8bf4\u660e\u6392\u9664\u7684\u60c5\u51b5<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Huong_dan_Ke_khai_giao_dich_lien_ket\" >\u5173\u8054\u65b9\u4ea4\u6613\u7533\u62a5\u6307\u5357\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Cac_Phu_luc_bat_buoc_kem_theo\" >\u5fc5\u9700\u9644\u5f55<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Noi_dung_Ke_khai_Chi_phi_lai_vay\" >\u5229\u606f\u652f\u51fa\u7533\u62a5\u7684\u5185\u5bb9<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Ket_luan_va_khuyen_nghi\" >\u7ed3\u8bba\u548c\u5efa\u8bae<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-lai-vay\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Giao_dich_lien_ket_la_gi\"><\/span><b>\u4ec0\u4e48\u662f\u8054\u76df\u4ea4\u6613\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u5173\u8054\u4ea4\u6613\u662f\u6307\u5173\u8054\u65b9\u4e4b\u95f4\u5728\u751f\u4ea7\u7ecf\u8425\u8fc7\u7a0b\u4e2d\u53d1\u751f\u7684\u4ea4\u6613\u3002\u6839\u636e\u300a\u8d38\u6613\u6cd5\u300b\u7b2c\u4e00\u6761\uff0c\u5173\u8054\u4ea4\u6613\u662f\u6307\u5728\u751f\u4ea7\u7ecf\u8425\u8fc7\u7a0b\u4e2d\u53d1\u751f\u7684\u4ea4\u6613\u3002 <\/span><a href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-132-2020-ND-CP-quy-dinh-quan-ly-thue-doi-voi-doanh-nghiep-co-giao-dich-lien-ket-452218.aspx\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4<\/span><\/a><span style=\"font-weight: 400;\">\u8fd9\u4e9b\u4ea4\u6613\u5305\u62ec\uff1a\u4e70\u5356\u3001\u4ea4\u6362\u3001\u79df\u8d41\u3001\u501f\u8d37\u3001\u8f6c\u8ba9\u5546\u54c1\u3001\u670d\u52a1\u3001\u8d44\u4ea7\uff0c\u4ee5\u53ca\u501f\u8d37\u3001\u91d1\u878d\u670d\u52a1\u3001\u91d1\u878d\u62c5\u4fdd\u548c\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chi_tiet_cac_truong_hop_xac_dinh_cac_ben_co_Quan_he_lien_ket\"><\/span><b>\u6848\u4ef6\u8be6\u60c5\uff0c\u5176\u4e2d\u5217\u660e\u4e86\u5404\u65b9\u4e4b\u95f4\u5b58\u5728\u5173\u8054\u5173\u7cfb\u7684\u60c5\u51b5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u7b2c 5 \u6761\u89c4\u5b9a\uff0c\u5982\u679c\u5f53\u4e8b\u4eba\u7b26\u5408\u4e0b\u5217\u60c5\u5f62\u4e4b\u4e00\uff0c\u5219\u89c6\u4e3a\u5b58\u5728\u5173\u8054\u5173\u7cfb\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u76f4\u63a5\u8d44\u672c\u6240\u6709\u6743\u5173\u7cfb 25%\uff1a\u4e00\u65b9\u76f4\u63a5\u6216\u95f4\u63a5\u6301\u6709\u53e6\u4e00\u65b9\u81f3\u5c11 25% \u7684\u80a1\u6743\u8d44\u672c\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">25% \u666e\u901a\u80a1\u6240\u6709\u6743\u5173\u7cfb\uff1a\u53cc\u65b9\u5747\u76f4\u63a5\u6216\u95f4\u63a5\u901a\u8fc7\u7b2c\u4e09\u65b9\u6301\u6709\u81f3\u5c11 25% \u7684\u6240\u6709\u8005\u6743\u76ca\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6bcd\u5b50\u516c\u53f8\u5173\u7cfb\uff1a\u7b2c\u4e09\u65b9\u76f4\u63a5\u6216\u95f4\u63a5\u5bf9\u53cc\u65b9\u7684\u8fd0\u8425\u6216\u8d22\u52a1\u548c\u4e1a\u52a1\u51b3\u7b56\u884c\u4f7f\u91cd\u5927\u63a7\u5236\u6743\uff08\u4f8b\u5982\uff0c\u901a\u8fc7\u8d22\u52a1\u548c\u4e1a\u52a1\u534f\u8bae\u7b49\uff09\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8463\u4e8b\u6216\u8054\u5e2d\u7ecf\u7406\u5173\u7cfb\uff0830%\uff09\uff1a\u53cc\u65b9\u8463\u4e8b\u4f1a\u6210\u5458\uff08\u8463\u4e8b\u3001\u603b\u7ecf\u7406\u3001\u526f\u8463\u4e8b\u3001\u526f\u603b\u7ecf\u7406\uff09\u4e2d\u81f3\u5c11\u6709 30% \u4eba\u6765\u81ea\u540c\u4e00\u4eba\u6216\u540c\u4e00\u7ec4\u5177\u6709\u4eb2\u5c5e\u5173\u7cfb\u7684\u4eba\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e00\u65b9\u6267\u884c\u8463\u4e8b\u6216\u603b\u7ecf\u7406\u4e0e\u53e6\u4e00\u65b9\u6267\u884c\u8463\u4e8b\u6216\u603b\u7ecf\u7406\u4e4b\u95f4\u5b58\u5728\u79c1\u4eba\u6216\u5bb6\u5ead\u5173\u7cfb\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u901a\u8fc7\u8d44\u4ea7\u6216\u670d\u52a1\u5f62\u6210\u652f\u914d\u5173\u7cfb\uff1a\u4e00\u65b9\u76f4\u63a5\u6216\u95f4\u63a5\u5730\u5bf9\u53e6\u4e00\u65b9\u5728\u8d2d\u4e70\u3001\u9500\u552e\u5546\u54c1\u6216\u63d0\u4f9b\u670d\u52a1\u65b9\u9762\u7684\u51b3\u7b56\u884c\u4f7f\u91cd\u5927\u63a7\u5236\u6743\uff08\u4f8b\u5982\uff1a\u5784\u65ad\u91cd\u8981\u6295\u5165\u6216\u4ea7\u51fa\u7684\u4f9b\u5e94\uff09\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u62c5\u4fdd\u6216\u8d37\u6b3e\u5173\u7cfb\uff0825% \u80a1\u6743\u548c 50% \u957f\u671f\u503a\u52a1\uff09<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7269\u6599\/\u4f9b\u5e94\u4f9d\u8d56\u5173\u7cfb\uff08\u8d85\u8fc7 50%\uff09\uff1a\u4e00\u65b9\u4ece\u53e6\u4e00\u65b9\u6216\u53e6\u4e00\u65b9\u7684\u5173\u8054\u516c\u53f8\u83b7\u5f97\u4f9b\u5e94\u54c1\u3001\u539f\u6750\u6599\u3001\u534a\u6210\u54c1\u6216\u670d\u52a1\uff0c\u8fd9\u4e9b\u4f9b\u5e94\u54c1\u3001\u539f\u6750\u6599\u3001\u534a\u6210\u54c1\u6216\u670d\u52a1\u5360\u63a5\u6536\u65b9\u603b\u751f\u4ea7\u6210\u672c\u6216\u603b\u9500\u552e\u6210\u672c\u7684 50% \u4ee5\u4e0a\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4ea7\u51fa\u4f9d\u8d56\u5173\u7cfb\uff08\u8d85\u8fc7 50%\uff09\uff1a\u4e00\u65b9\u51fa\u552e\u6216\u8d2d\u4e70\u7684\u8d44\u4ea7\u3001\u5546\u54c1\u6216\u670d\u52a1\u5360\u53e6\u4e00\u65b9\u51fa\u552e\u8d44\u4ea7\u603b\u4ef7\u503c\u6216\u8d2d\u4e70\u5546\u54c1\u603b\u4ef7\u503c\u7684 50% \u4ee5\u4e0a\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5f71\u54cd\u5229\u6da6\u7684\u5408\u540c\/\u534f\u8bae\u5173\u7cfb\uff1a\u4e00\u65b9\u901a\u8fc7\u6709\u5173\u98ce\u9669\u5206\u62c5\u3001\u5229\u6da6\u63a7\u5236\u3001\u4e1a\u52a1\u652f\u914d\u5730\u4f4d\u6216\u5176\u4ed6\u534f\u8bae\u53d7\u53e6\u4e00\u65b9\u63a7\u5236\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5c45\u6c11\u4e2a\u4eba\u5173\u7cfb\uff08\u4e1a\u52a1\u63a7\u5236\uff09\uff1a\u5c45\u4f4f\u5728\u8d8a\u5357\u7684\u4e2a\u4eba\u662f\u8463\u4e8b\u4f1a\u6210\u5458\u6216\u62c5\u4efb\u91cd\u8981\u804c\u4f4d\uff0c\u63a7\u5236\u53cc\u65b9\u7684\u4e1a\u52a1\u6d3b\u52a8\u3002<\/span><\/li>\n<\/ul>\n<p><b>\u91cd\u8981\u63d0\u793a\uff1a <\/b><span style=\"font-weight: 400;\">\u5373\u4f7f\u8d37\u6b3e\u5e76\u975e\u6765\u81ea\u5173\u8054\u65b9\u800c\u662f\u6765\u81ea\u7b2c\u4e09\u65b9\uff08\u4f8b\u5982\u94f6\u884c\uff09\uff0c\u4f46\u53ea\u8981\u8d37\u6b3e\u6709\u5173\u8054\u65b9\u62c5\u4fdd\uff0c\u5173\u8054\u65b9\u4ea4\u6613\u4e2d\u5229\u606f\u652f\u51fa\u7684\u6263\u9664\u59cb\u7ec8\u53d7\u5230\u9650\u5236\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nguyen_tac_Giao_dich_doc_lap_Arms_Length_Principle\"><\/span><b>\u81c2\u8ddd\u539f\u5219<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5173\u8054\u4ea4\u6613\u7ba1\u7406\u4e2d\u7684\u91cd\u8981\u539f\u5219\u662f\u72ec\u7acb\u4ea4\u6613\u539f\u5219\u3002\u72ec\u7acb\u4ea4\u6613\u539f\u5219\u662f\u6307\uff1a\u5173\u8054\u4ea4\u6613\u7684\u5b9a\u4ef7\u5fc5\u987b\u6309\u7167\u4e0e\u7c7b\u4f3c\u6761\u4ef6\u4e0b\u72ec\u7acb\u4ea4\u6613\uff08\u975e\u5173\u8054\u65b9\u4e4b\u95f4\u7684\u4ea4\u6613\uff09\u8fdb\u884c\u5206\u6790\u548c\u6bd4\u8f83\u7684\u539f\u5219\u8fdb\u884c\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4e3a\u786e\u4fdd\u4f01\u4e1a\u7684\u4f01\u4e1a\u6240\u5f97\u7a0e\u4e49\u52a1\u4e0d\u56e0\u5173\u8054\u65b9\u5173\u7cfb\u7684\u5f71\u54cd\u800c\u51cf\u5c11\uff0c\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u7684\u8ba1\u7b97\u516c\u5f0f\u7684\u786e\u5b9a\u5fc5\u987b\u9075\u5faa\u8fd9\u4e00\u539f\u5219\u3002<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_tong_chi_phi_lai_vay_duoc_tru_va_Khong_che_30_EBITDA\"><\/span><b>\u8ba1\u7b97\u603b\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u548c 30% EBITDA \u63a7\u5236\u7684\u516c\u5f0f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_2498\" aria-describedby=\"caption-attachment-2498\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2498\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg\" alt=\"T\u1ed5ng chi ph\u00ed l\u00e3i vay trong c\u00f4ng th\u1ee9c t\u00ednh l\u00e3i vay giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Tong-chi-phi-lai-vay-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2498\" class=\"wp-caption-text\">\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u4e2d\u7684\u603b\u5229\u606f\u652f\u51fa<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u8fd9\u662f\u4e3b\u8981\u90e8\u5206\uff0c\u8be6\u7ec6\u56de\u7b54\u4e86\u5173\u4e8e\u6839\u636e\u8d8a\u5357\u6cd5\u5f8b\u8ba1\u7b97\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u516c\u5f0f\u7684\u95ee\u9898\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_lai_vay_giao_dich_lien_ket_gioi_han\"><\/span><b>\u6709\u9650\u5173\u8054\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u7b2c16\u6761\u7b2c3\u6b3e\u7684\u89c4\u5b9a\uff0c\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u5728\u786e\u5b9a\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u603b\u989d\u4e0d\u5f97\u8d85\u8fc7\u7ecf\u8425\u6d3b\u52a8\u51c0\u5229\u6da6\u603b\u989d\u768430%\u3002 <\/span><a href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/chi-phi-lai-vay-trong-giao-dich-lien-ket\/\"><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa <\/span><\/a><span style=\"font-weight: 400;\">\u4ee5\u53ca\u6298\u65e7\u8d39\u7528\uff08\u4e5f\u79f0\u4e3a\u8c03\u6574\u540e\u7684 EBITDA\uff09\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u56e0\u6b64\uff0c\u8ba1\u7b97\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u6700\u9ad8\u53ef\u62b5\u6263\u989d\u7684\u516c\u5f0f\u4e3a\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u8c03\u6574\u540e EBITDA = \u51c0\u8425\u4e1a\u5229\u6da6 + \u51c0\u5229\u606f\u652f\u51fa + \u6298\u65e7\u8d39\u7528<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u7b14\u8bb0\uff1a<\/b><span style=\"font-weight: 400;\"> \u6240\u6709\u8d22\u52a1\u6307\u6807\u5fc5\u987b\u6839\u636e\u4f01\u4e1a\u5728\u7eb3\u7a0e\u671f\u95f4\u8d22\u52a1\u62a5\u8868\u4e2d\u8bb0\u5f55\u7684\u5b9e\u9645\u6570\u5b57\u6765\u786e\u5b9a\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Giai_thich_chi_tiet_cac_chi_tieu_trong_cong_thuc_tinh_lai_vay_giao_dich_lien_ket\"><\/span><b>\u5bf9\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u4e2d\u5404\u9879\u6307\u6807\u7684\u8be6\u7ec6\u89e3\u91ca<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u4e3a\u907f\u514d\u5728\u5e94\u7528\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u65f6\u51fa\u9519\uff0c\u5fc5\u987b\u6e05\u695a\u5730\u7406\u89e3\u6bcf\u4e2a\u7ec4\u6210\u90e8\u5206\u7684\u542b\u4e49\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>\u6728\u677f\uff1a<\/b><span style=\"font-weight: 400;\"> \u8be6\u7ec6\u89e3\u91ca\u8ba1\u7b97\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u516c\u5f0f\u7684\u6bcf\u4e2a\u90e8\u5206\u3002<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>\u6307\u6807<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u89e3\u91ca\u548c\u6570\u636e\u6765\u6e90<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u610f\u4e49<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u4ece\u8d22\u52a1\u652f\u51fa\uff08\u8d26\u6237 635\uff09\u4e2d\u51cf\u53bb\u4e0e\u5b58\u6b3e\u5229\u606f\u6216\u8d37\u6b3e\u5229\u606f\u76f8\u5173\u7684\u8d22\u52a1\u6536\u5165\uff08\u8d26\u6237 515\uff09\u3002<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u662f\u4f01\u4e1a\u5fc5\u987b\u627f\u62c5\u7684\u603b\u51c0\u5229\u606f\u6210\u672c\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u51c0\u8425\u4e1a\u5229\u6da6<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u6570\u636e\u53d6\u81ea\u635f\u76ca\u8868\u4e2d\u7684\u6307\u6807\uff08\u4ee3\u7801 21\uff09\u3002\u8fd9\u662f\u606f\u7a0e\u524d\u5229\u6da6 (EBIT)\uff0c\u4f46\u4e0d\u5305\u62ec\u5176\u4ed6\u6536\u5165\u3002<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u5c55\u73b0\u4f01\u4e1a\u7684\u6838\u5fc3\u4e1a\u52a1\u7ee9\u6548\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u6298\u65e7\u8d39\u7528<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u672c\u671f\u95f4\u53d1\u751f\u7684\u56fa\u5b9a\u8d44\u4ea7\u6298\u65e7\u603b\u6210\u672c\uff08\u53d6\u81ea\u8fd0\u8425\u548c\u751f\u4ea7\u6210\u672c\uff09\u3002<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u8861\u91cf\u975e\u73b0\u91d1\u652f\u51fa\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u8c03\u6574\u540e EBITDA<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u5982\u4f55\u6839\u636e\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u8ba1\u7b97\u6807\u51c6\u5173\u8054\u65b9\u4ea4\u6613\u4e2d\u7684 EBITDA\u3002<\/span><\/td>\n<td style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u4ee3\u8868\u5728\u672a\u53d7\u7a0e\u6536\u3001\u8d44\u672c\u7ed3\u6784\uff08\u5229\u606f\uff09\u548c\u957f\u671f\u6295\u8d44\uff08\u6298\u65e7\uff09\u51b3\u7b56\u5f71\u54cd\u4e4b\u524d\u7684\u76c8\u5229\u80fd\u529b\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u4ece\u4e0a\u8868\u53ef\u4ee5\u770b\u51fa\uff0c\u8c03\u6574\u540eEBITDA\u516c\u5f0f\u4e2d\u7684\u6bcf\u4e00\u9879\u6307\u6807\u5728\u8d22\u52a1\u62a5\u544a\u4f53\u7cfb\u4e2d\u90fd\u6709\u660e\u786e\u7684\u6570\u636e\u6765\u6e90\uff0c\u5e76\u4e14\u5728\u8bc4\u4f30\u4f01\u4e1a\u8d22\u52a1\u5065\u5eb7\u72b6\u51b5\u65b9\u9762\u5177\u6709\u5404\u81ea\u7684\u610f\u4e49\u3002\u8fd9\u4e9b\u6307\u6807\u7ecf\u8fc7\u5408\u7406\u7efc\u5408\u8fd0\u7528\uff0c\u6709\u52a9\u4e8e\u4f01\u4e1a\u6839\u636e\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u7684\u6807\u51c6\uff0c\u51c6\u786e\u5224\u65ad\u5176\u5728\u6263\u9664\u5229\u606f\u3001\u7a0e\u9879\u548c\u6298\u65e7\u5f71\u54cd\u4e4b\u524d\u7684\u76c8\u5229\u80fd\u529b\u3002\u8fd9\u4e5f\u662f\u6b63\u786e\u8ba1\u7b97\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u91cd\u8981\u4f9d\u636e\uff0c\u6709\u52a9\u4e8e\u964d\u4f4e\u7a0e\u52a1\u7a3d\u67e5\u4e2d\u88ab\u8c03\u6574\u7684\u98ce\u9669\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Xu_ly_chi_phi_lai_vay_khong_duoc_tru_Phan_vuot_tran\"><\/span><b>\u4e0d\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u5904\u7406\uff08\u8d85\u989d\u90e8\u5206\uff09<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<figure id=\"attachment_2496\" aria-describedby=\"caption-attachment-2496\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2496\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg\" alt=\"Ph\u1ea7n v\u01b0\u1ee3t tr\u1ea7n trong c\u00f4ng th\u1ee9c t\u00ednh l\u00e3i vay giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Phan-vuot-tran-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2496\" class=\"wp-caption-text\">\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u4e2d\u7684\u8d85\u989d\u90e8\u5206<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u5982\u679c\u4f01\u4e1a\u51c0\u5229\u606f\u652f\u51fa\u603b\u989d\u8d85\u8fc730%\u8c03\u6574\u540eEBITDA\u9650\u989d\uff0c\u8d85\u51fa\u90e8\u5206\u5c06\u5728\u786e\u5b9a\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\u6263\u9664\u3002\u8fd9\u662f\u5173\u8054\u65b9\u4ea4\u6613\u4e2d\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7ed3\u8f6c\u89c4\u5219\uff1a\u8fd9\u90e8\u5206\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u53ef\u4ee5\u7ed3\u8f6c\u5230\u4e0b\u4e00\u4e2a\u4f01\u4e1a\u6240\u5f97\u7a0e\u671f\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8fc7\u6e21\u671f\uff1a\u8fde\u7eed\u8ba1\u7b97\u7684\u5229\u606f\u652f\u51fa\u8f6c\u79fb\u671f\u4e0d\u5f97\u8d85\u8fc7 5 \u5e74\uff0c\u4ece\u4e0d\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u53d1\u751f\u5e74\u4efd\u7684\u6b21\u5e74\u5f00\u59cb\u8ba1\u7b97\u3002<\/span><\/li>\n<\/ul>\n<p><b>\u4f8b\u5982\uff1a <\/b><span style=\"font-weight: 400;\">\u5982\u679c2024\u5e74\u6263\u9664\u4e861\u4ebf\u8d8a\u5357\u76fe\u7684\u5229\u606f\uff0c\u800c2025\u5e74\u8be5\u516c\u53f8\u83b7\u51c6\u4ece\u9650\u989d\u4e2d\u989d\u5916\u6263\u96645000\u4e07\u8d8a\u5357\u76fe\uff0c\u90a3\u4e48\u8fd95000\u4e07\u8d8a\u5357\u76fe\u5c06\u7528\u4e8e\u62b5\u6d882024\u5e74\u76841\u4ebf\u8d8a\u5357\u76fe\u5229\u606f\u3002\u5269\u4f59\u76845000\u4e07\u8d8a\u5357\u76fe\u4f59\u989d\u5c06\u7ee7\u7eed\u7ed3\u8f6c\u81f32026\u5e74\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Truong_hop_EBITDA_am\"><\/span><b>\u8d1f EBITDA \u6848\u4f8b<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<figure id=\"attachment_2497\" aria-describedby=\"caption-attachment-2497\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2497\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg\" alt=\"Tr\u01b0\u1eddng h\u1ee3p EBITDA \u00e2m trong c\u00f4ng th\u1ee9c t\u00ednh l\u00e3i vay giao d\u1ecbch li\u00ean k\u1ebft\" width=\"1200\" height=\"800\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-300x200.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-1024x683.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-768x512.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/11\/Truong-hop-EBITDA-am-trong-cong-thuc-tinh-lai-vay-giao-dich-lien-ket-18x12.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2497\" class=\"wp-caption-text\">\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u4e2d\u51fa\u73b0\u8d1f EBITDA \u7684\u60c5\u51b5<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\u4e2d\u5173\u4e8e\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u7684\u516c\u5f0f\uff0c\u5982\u679c\u8c03\u6574\u540e\u7684 EBITDA \u503c\u4e3a 0 \u6216\u8d1f\u503c\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u6263\u9664\u51c0\u501f\u6b3e\u6210\u672c\u226430%\u00d7\uff08\u8c03\u6574\u540eEBITDA\uff09<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u5f53 EBITDA \u5c0f\u4e8e\u6216\u7b49\u4e8e 0 \u65f6\uff0c30% \u7684 EBITDA \u4e5f\u5c06\u4e3a 0 \u6216\u8d1f\u6570\u3002\u56e0\u6b64\uff0c\u6839\u636e\u8be5\u539f\u5219\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4f01\u4e1a\u5728\u786e\u5b9a\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\uff0c\u4e0d\u5f97\u6263\u9664\u4efb\u4f55\u51c0\u5229\u606f\u652f\u51fa\u3002\u8be5\u671f\u95f4\u53d1\u751f\u7684\u6240\u6709\u51c0\u5229\u606f\u652f\u51fa\u5c06\u88ab\u6263\u9664\u5e76\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u4e2a\u7eb3\u7a0e\u671f\uff08\u6700\u591a5\u5e74\uff09\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u5c3d\u7ba1\u8d1fEBITDA\u4f1a\u5bfc\u81f4\u6240\u6709\u51c0\u5229\u606f\u652f\u51fa\u5747\u4e0d\u53ef\u6263\u9664\uff0c\u4f46\u4f01\u4e1a\u4ecd\u9700\u6839\u636e\u76f8\u5173\u89c4\u5b9a\u786e\u5b9a\u6b63\u786e\u7684\u8d37\u6b3e\u5229\u7387\uff0c\u4ee5\u786e\u4fdd\u5173\u8054\u65b9\u4ea4\u6613\u8bb0\u5f55\u7684\u6709\u6548\u6027\u3002\u56e0\u6b64\uff0c\u4ee5\u4e0b\u662f\u4f01\u4e1a\u5728\u53d1\u751f\u5173\u8054\u65b9\u8d37\u6b3e\u65f6\u5fc5\u987b\u9075\u5b88\u7684\u5229\u7387\u786e\u5b9a\u65b9\u6cd5\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phuong_phap_xac_dinh_lai_suat_chuan_Giao_dich_doc_lap\"><\/span><b>\u6807\u51c6\u5229\u7387\u786e\u5b9a\u65b9\u6cd5\u72ec\u7acb\u4ea4\u6613<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">30% EBITDA \u4e0a\u9650\u662f\u4e00\u9879\u8d22\u52a1\u95e8\u69db\u3002\u7136\u800c\uff0c\u4f01\u4e1a\u8fd8\u5fc5\u987b\u9075\u5b88\u57fa\u4e8e\u6bd4\u8f83\u65b9\u6cd5\u7684\u72ec\u7acb\u4ea4\u6613\u5229\u7387\u539f\u5219\u3002\u5e94\u7528\u8fd9\u4e9b\u65b9\u6cd5\u662f\u4e3a\u4e86\u786e\u4fdd\u5173\u8054\u65b9\u8d37\u6b3e\u5229\u7387\u4e0d\u4f1a\u8fc7\u9ad8\uff0c\u4ece\u800c\u907f\u514d\u4e0e\u5e02\u573a\u5229\u7387\u76f8\u6bd4\u51fa\u73b0\u8fc7\u9ad8\u7684\u60c5\u51b5\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c 132\/2020\/ND-CP \u53f7\u6cd5\u4ee4\uff0c\u786e\u5b9a\u8f6c\u8ba9\u5b9a\u4ef7\u7684\u65b9\u6cd5\u5177\u6709\u4f18\u5148\u6743\uff1a<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Phuong_phap_so_sanh_gia_giao_dich_doc_lap\"><\/span><b>\u72ec\u7acb\u4ea4\u6613\u4ef7\u683c\u6bd4\u8f83\u65b9\u6cd5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u5c06\u5173\u8054\u8d37\u6b3e\u7684\u5229\u7387\u4e0e\u4f01\u4e1a\u6216\u5176\u4ed6\u72ec\u7acb\u65b9\u83b7\u5f97\u7684\u7c7b\u4f3c\u72ec\u7acb\u8d37\u6b3e\u7684\u5229\u7387\u8fdb\u884c\u6bd4\u8f83\u7684\u539f\u5219\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5728\u8d37\u6b3e\u9886\u57df\uff0c\u8fd9\u79cd\u65b9\u6cd5\u901a\u5e38\u662f\u9996\u9009\uff0c\u56e0\u4e3a\u5982\u679c\u627e\u5230\u7c7b\u4f3c\u7684\u72ec\u7acb\u4ea4\u6613\uff08\u5c31\u8d37\u6b3e\u91d1\u989d\u3001\u671f\u9650\u3001\u8d27\u5e01\u3001\u4fe1\u7528\u72b6\u51b5\u800c\u8a00\uff09\uff0c\u5229\u7387\u6700\u5bb9\u6613\u6bd4\u8f83\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Cac_phuong_phap_dua_tren_Loi_nhuan\"><\/span><b>\u57fa\u4e8e\u5229\u6da6\u7684\u65b9\u6cd5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8f6c\u552e\u4ef7\u683c\u6cd5 (RPM) \u548c\u6210\u672c\u52a0\u6210\u6cd5 (CPM)\uff1a\u867d\u7136\u4e0d\u592a\u76f4\u63a5\u9002\u7528\u4e8e\u8d37\u6b3e\u4ea4\u6613\uff0c\u4f46\u53ef\u4ee5\u7528\u6765\u8bc4\u4f30\u91d1\u878d\u670d\u52a1\u63d0\u4f9b\u5546\u6216\u96c6\u56e2\u5185\u90e8\u8d37\u6b3e\u7684\u76c8\u5229\u80fd\u529b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4ea4\u6613\u51c0\u5229\u6da6\u7387\u6cd5\uff08TNMM\uff09\uff1a\u8bc4\u4f30\u501f\u6b3e\u4eba\u7684\u51c0\u5229\u6da6\uff08\u606f\u7a0e\u524d\uff09\u662f\u5426\u4e0e\u540c\u4e00\u884c\u4e1a\u7684\u72ec\u7acb\u516c\u53f8\u4e00\u81f4\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u5728\u4e86\u89e3\u5173\u8054\u65b9\u4ea4\u6613\u5229\u7387\u7684\u786e\u5b9a\u65b9\u6cd5\u540e\uff0c\u4f01\u4e1a\u8fd8\u9700\u8981\u66f4\u6df1\u5165\u5730\u8003\u8651\u5229\u7387\u7684\u590d\u5229\u6548\u5e94\u3002\u5982\u679c\u4e0d\u52a0\u4ee5\u4e25\u683c\u63a7\u5236\uff0c\u8fd9\u4e00\u56e0\u7d20\u4f1a\u5bfc\u81f4\u8d22\u52a1\u6210\u672c\u8fc5\u901f\u81a8\u80c0\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tac_dong_kep_cua_Lai_suat_va_Gioi_han_30\"><\/span><b>\u5229\u606f\u548c\u9650\u989d\u7684\u53cc\u91cd\u6548\u5e94 30%<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u4f01\u4e1a\u5e94\u6ce8\u610f\uff0c30% EBITDA \u9650\u5236\u548c\u72ec\u7acb\u5229\u606f\u539f\u5219\u662f\u4e24\u4e2a\u72ec\u7acb\u4f46\u5171\u540c\u9002\u7528\u7684\u6807\u51c6\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5229\u7387\u6807\u51c6\uff1a\u5982\u679c\u6302\u94a9\u8d37\u6b3e\u5229\u7387\u76f8\u5bf9\u4e8e\u5e02\u573a\u5229\u7387\u8fc7\u9ad8\uff0c\u5219\u9996\u5148\u5254\u9664\u8d85\u51fa\u72ec\u7acb\u5229\u7387\u90e8\u5206\u7684\u8d37\u6b3e\u5229\u606f\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30% \u9650\u5236\u6807\u51c6\uff1a\u603b\u5229\u606f\u652f\u51fa\uff08\u5982\u6709\u5e02\u573a\u5229\u7387\u8c03\u6574\u540e\uff09\u4ecd\u53d7 30% \u8c03\u6574\u540e EBITDA \u9650\u5236\u7684\u7ea6\u675f\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u8fd9\u786e\u4fdd\u7a0e\u52a1\u673a\u5173\u80fd\u591f\u4e25\u683c\u63a7\u5236\u4ef7\u683c\uff08\u5229\u7387\uff09\u548c\u503a\u52a1\u507f\u8fd8\u80fd\u529b\uff08\u57fa\u4e8e\u4f01\u4e1a\u4e1a\u7ee9\u548c EBITDA\uff09\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_chi_tiet_cong_thuc_gioi_han_lai_vay\"><\/span><b>\u8be6\u7ec6\u793a\u4f8b\u8bf4\u660e\u5229\u606f\u9650\u989d\u516c\u5f0f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u672c\u8282\u5c06\u901a\u8fc7\u4e00\u4e2a\u5b9e\u9645\u4f8b\u5b50\u5e2e\u52a9\u60a8\u4e86\u89e3\u5982\u4f55\u5728 2025 \u5e74\u5173\u8054\u65b9\u4ea4\u6613\u4e2d\u8ba1\u7b97\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Truong_hop_chi_phi_lai_vay_khong_duoc_tru\"><\/span><b>\u5229\u606f\u652f\u51fa\u4e0d\u53ef\u6263\u9664\u7684\u60c5\u51b5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>\u793a\u4f8b 1\uff1a<\/b><span style=\"font-weight: 400;\"> A\u516c\u53f82025\u5e74\u7684\u5173\u8054\u65b9\u4ea4\u6613\u4f1a\u8ba1\u6570\u636e\u5982\u4e0b\u3002<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000; height: 120px;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>\u6728\u677f\uff1a<\/b><span style=\"font-weight: 400;\"> \u8fd9\u4e9b\u6570\u5b57\u8bf4\u660e\u4e86\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u8ba1\u7b97\u516c\u5f0f\u3002<\/span><\/caption>\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"width: 46.493%; text-align: center; height: 24px;\"><b>\u6307\u6807<\/b><\/td>\n<td style=\"width: 15.8317%; text-align: center; height: 24px;\"><b>\u91d1\u989d\uff08\u8d8a\u5357\u76fe\uff09<\/b><\/td>\n<td style=\"width: 36.8737%; text-align: center; height: 24px;\"><b>\u7b14\u8bb0<\/b><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 46.493%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u8425\u4e1a\u51c0\u5229\u6da6\u3002<\/span><\/td>\n<td style=\"width: 15.8317%; text-align: center; height: 24px;\"><span style=\"font-weight: 400;\">1.800.000.000<\/span><\/td>\n<td style=\"width: 36.8737%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u7b2c 21 \u53f7\u4ee3\u7801\u4e1a\u52a1\u6210\u679c\u62a5\u544a\u3002<\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 46.493%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u672c\u671f\u53d1\u751f\u7684\u5229\u606f\u603b\u652f\u51fa\u3002<\/span><\/td>\n<td style=\"width: 15.8317%; text-align: center; height: 24px;\"><span style=\"font-weight: 400;\">1.200.000.000<\/span><\/td>\n<td style=\"width: 36.8737%; text-align: left; height: 24px;\"><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 46.493%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u8be5\u671f\u95f4\u7d2f\u8ba1\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u603b\u989d\u3002<\/span><\/td>\n<td style=\"width: 15.8317%; text-align: center; height: 24px;\"><span style=\"font-weight: 400;\">200.000.000<\/span><\/td>\n<td style=\"width: 36.8737%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u6765\u81ea\u5b58\u6b3e\u7684\u91d1\u878d\u6536\u5165\u3002<\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 46.493%; text-align: left; height: 24px;\"><span style=\"font-weight: 400;\">\u672c\u671f\u53d1\u751f\u7684\u6298\u65e7\u8d39\u7528\u3002<\/span><\/td>\n<td style=\"width: 15.8317%; text-align: center; height: 24px;\"><span style=\"font-weight: 400;\">800.000.000<\/span><\/td>\n<td style=\"width: 36.8737%; text-align: left; height: 24px;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u793a\u4f8b\u6570\u636e\uff0c\u4e0b\u9762\u662f\u8ba1\u7b97 2025 \u5e74\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u7684\u8be6\u7ec6\u8ba1\u7b97\u6b65\u9aa4\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5e94\u7528\u4ee5\u4e0b\u516c\u5f0f\u8ba1\u7b97\u4e0b\u8868\u4e2d\u7684\u6307\u6570\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>\u6728\u677f\uff1a<\/b><span style=\"font-weight: 400;\"> \u786e\u5b9a\u5728\u8ba1\u7b97\u5173\u8054\u65b9\u5229\u606f\u7684\u516c\u5f0f\u4e2d\u6392\u9664\u7684\u5229\u606f\u652f\u51fa\u3002<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>\u6307\u6807<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>\u4ef7\u503c\uff08\u8d8a\u5357\u76fe\uff09<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u5b9e\u9645\u53d1\u751f\u7684\u51c0\u5229\u606f\u652f\u51fa<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.000.000.000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u6700\u9ad8\u6263\u9664\u989d\uff0830% EBITDA\uff09<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.080.000.000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u8ba1\u7b97\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\uff0c\u51c0\u5229\u606f\u652f\u51fa\u53ef\u4ee5\u6263\u9664\u3002<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.000.000.000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u8d39\u7528<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u5b9e\u9645\u51c0\u5229\u606f\u652f\u51fa\uff0810\u4ebf\u8d8a\u5357\u76fe\uff09\u4f4e\u4e8e30% EBITDA\u9650\u989d\uff0810.8\u4ebf\u8d8a\u5357\u76fe\uff09\u3002\u56e0\u6b64\uff0c\u5728\u786e\u5b9a\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\uff0c\u5168\u90e810\u4ebf\u8d8a\u5357\u76fe\u7684\u51c0\u5229\u606f\u652f\u51fa\u5747\u53ef\u4f5c\u4e3a\u53ef\u6263\u9664\u8d39\u7528\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa_truong_hop_bi_loai_tru\"><\/span><b>\u4e3e\u4f8b\u8bf4\u660e\u6392\u9664\u7684\u60c5\u51b5<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u5047\u8bbeA\u516c\u53f8\u6709\u4e0d\u540c\u7684\u6570\u636e\uff0c\u5373\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa\u4e3a2,500,000,000\u8d8a\u5357\u76fe\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u90a3\u4e48\uff0c\u65b0\u7684\u51c0\u5229\u606f\u652f\u51fa\u4e3a\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa = 2,500,000,000 \u2013 200,000,000 = 2,300,000,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u786e\u5b9a\u53ef\u6263\u9664\u8d39\u7528\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5b9e\u9645\u51c0\u5229\u606f\u652f\u51fa\uff1a2,300,000,000 \u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6700\u9ad8\u514d\u8d54\u989d\uff1a1,470,000,000 \u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u4e3a 830,000,000 \u8d8a\u5357\u76fe<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A\u516c\u53f8\u5728\u8ba1\u7b97\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\uff0c\u53ef\u514d\u96648.3\u4ebf\u8d8a\u5357\u76fe\u7684\u5229\u606f\u652f\u51fa\u3002\u8fd98.3\u4ebf\u8d8a\u5357\u76fe\u53ef\u4ee5\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u4e2a\u7eb3\u7a0e\u5e74\u5ea6\uff0c\u6700\u957f\u53ef\u8fbe5\u5e74\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Huong_dan_Ke_khai_giao_dich_lien_ket\"><\/span><b>\u5173\u8054\u65b9\u4ea4\u6613\u7533\u62a5\u6307\u5357<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u51c6\u786e\u7533\u62a5\u662f\u5b8c\u6210\u7a0e\u52a1\u8bb0\u5f55\u5e76\u907f\u514d\u5904\u7f5a\u7684\u6700\u540e\u4e00\u6b65\u3002\u91c7\u7528\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8ba1\u7b97\u516c\u5f0f\u7684\u4f01\u4e1a\uff0c\u5fc5\u987b\u5728\u4f01\u4e1a\u6240\u5f97\u7a0e\u6700\u7ec8\u7533\u62a5\u8868\u6240\u9644\u7684\u9644\u5f55\u4e2d\u8fdb\u884c\u7533\u62a5\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Cac_Phu_luc_bat_buoc_kem_theo\"><\/span><b>\u5fc5\u9700\u9644\u5f55<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u7b2c 132 \u53f7\u6cd5\u4ee4\uff0c\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\u5fc5\u987b\u6309\u7167\u4e0b\u5217\u9644\u5f55\u7533\u62a5\u4fe1\u606f\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9644\u5f55\u4e00\uff08\u8868\u683c01\uff09\uff1a\u5173\u8054\u65b9\u53ca\u5173\u8054\u4ea4\u6613\u4fe1\u606f\u3002\u672c\u8868\u5217\u660e\u5173\u8054\u65b9\u8be6\u60c5\u53ca\u4ea4\u6613\u7c7b\u578b\uff08\u5305\u62ec\u501f\u8d37\u4ea4\u6613\uff09\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9644\u5f55\u4e8c\uff08\u8868\u683c 02\uff09\uff1a\u5173\u8054\u65b9\u4ea4\u6613\u4ef7\u683c\u786e\u5b9a\u58f0\u660e\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9644\u5f55 III\uff08\u8868\u683c 03\uff09\uff1a\u56fd\u522b\u5229\u6da6\u62a5\u544a\uff08\u9002\u7528\u4e8e\u5927\u578b\u4f01\u4e1a\uff09\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u4e3a\u5b8c\u5584\u7a0e\u52a1\u7533\u62a5\u8d44\u6599\u5e76\u786e\u4fdd\u7b26\u5408\u76f8\u5173\u6cd5\u89c4\uff0c\u4f01\u4e1a\u9700\u8981\u6839\u636e\u300a\u4f01\u4e1a\u6240\u5f97\u7a0e\u7533\u62a5\u8868\u300b\u9644\u4ef6\u586b\u5199\u6240\u6709\u4fe1\u606f\u3002\u4e0b\u4e00\u90e8\u5206\u5c06\u8be6\u7ec6\u8bf4\u660e\u5404\u9644\u4ef6\u4e2d\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u8d39\u7528\u7684\u7533\u62a5\u65b9\u6cd5\uff0c\u5e2e\u52a9\u4f01\u4e1a\u63d0\u9ad8\u900f\u660e\u5ea6\uff0c\u907f\u514d\u7a0e\u52a1\u673a\u5173\u68c0\u67e5\u65f6\u7684\u98ce\u9669\u3002<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Noi_dung_Ke_khai_Chi_phi_lai_vay\"><\/span><b>\u5229\u606f\u652f\u51fa\u7533\u62a5\u7684\u5185\u5bb9<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">\u5728\u9644\u5f55\u4e00\u548c\u9644\u5f55\u4e8c\u4e2d\uff0c\u4f01\u4e1a\u5fc5\u987b\u6e05\u695a\u5730\u5217\u660e\u8ba1\u7b97 EBITDA \u5173\u8054\u65b9\u4ea4\u6613\u6743\u76ca\u516c\u5f0f\u4e2d\u4f7f\u7528\u7684\u5404\u9879\u7ec4\u6210\u90e8\u5206\uff0c\u5305\u62ec\uff1a<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa\u603b\u989d\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8425\u4e1a\u51c0\u5229\u6da6\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6298\u65e7\u8d39\u7528\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8c03\u6574\u540e EBITDA \u8ba1\u7b97\u7ed3\u679c\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5229\u606f\u652f\u51fa\u90e8\u5206\u88ab\u62b5\u9500\uff0c\u5269\u4f59\u90e8\u5206\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u671f\u95f4\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u6839\u636e\u72ec\u7acb\u4ea4\u6613\u539f\u5219\uff0c\u8bc1\u660e\u8f6c\u8ba9\u5b9a\u4ef7\u7b26\u5408\u89c4\u5b9a\u7684\u8d23\u4efb\u5728\u4e8e\u7eb3\u7a0e\u4eba\u3002\u4f01\u4e1a\u9700\u8981\u51c6\u5907\u76f8\u5173\u6587\u4ef6\u4ee5\u786e\u5b9a\u8f6c\u8ba9\u5b9a\u4ef7\uff0c\u4ece\u800c\u4fdd\u62a4\u6570\u636e\u5b89\u5168\u3002<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan_va_khuyen_nghi\"><\/span><b>\u7ed3\u8bba\u548c\u5efa\u8bae<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u4e3a\u786e\u4fdd\u5408\u89c4\u5e76\u4f18\u5316\u6210\u672c\uff0c\u4f01\u4e1a\u5e94\u638c\u63e1\u5173\u8054\u65b9\u4ea4\u6613\u5229\u606f\u7684\u8ba1\u7b97\u516c\u5f0f\uff0c\u5e76\u540c\u6b65\u5e94\u7528\u76f8\u5e94\u7684\u8d22\u52a1\u7ba1\u7406\u63aa\u65bd\u3002\u9996\u5148\uff0c\u5efa\u7acb\u5b9a\u671f\u8d22\u52a1\u6a21\u578b\uff0c\u9884\u6d4b\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u548c\u6700\u9ad8\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\uff0c\u4ece\u800c\u53ca\u65f6\u8c03\u6574\u8d37\u6b3e\u7ed3\u6784\u3002\u540c\u65f6\uff0c\u4ece\u7eb3\u7a0e\u671f\u4f0a\u59cb\u5c31\u5168\u9762\u51c6\u5907\u8f6c\u8ba9\u5b9a\u4ef7\u786e\u5b9a\u6587\u4ef6\uff0c\u786e\u4fdd\u5229\u7387\u548c\u8d37\u6b3e\u6761\u6b3e\u7b26\u5408\u72ec\u7acb\u4ea4\u6613\u539f\u5219\u3002\u6b64\u5916\uff0c\u6e05\u6670\u6838\u7b97\u51c0\u5229\u606f\u652f\u51fa\u3001\u6298\u65e7\u8d39\u7528\u548c\u51c0\u5229\u6da6\uff0c\u6709\u52a9\u4e8e\u51c6\u786e\u3001\u900f\u660e\u5730\u5e94\u7528\u8ba1\u7b97\u516c\u5f0f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u91c7\u53d6\u4e0a\u8ff0\u63aa\u65bd\u4e0d\u4ec5\u6709\u52a9\u4e8e\u4f01\u4e1a\u9075\u5b88\u6cd5\u5f8b\uff0c\u8fd8\u80fd\u907f\u514d\u4e0d\u5fc5\u8981\u7684\u7a0e\u6b3e\u62d6\u6b20\uff0c\u4f18\u5316\u6210\u672c\uff0c\u5e76\u4fdd\u6301\u53ef\u6301\u7eed\u7684\u8d22\u52a1\u4e1a\u7ee9\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u63a5\u89e6 <\/span><a href=\"https:\/\/man.net.vn\/dich-vu-kiem-toan\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/span><\/a><span style=\"font-weight: 400;\"> \u5982\u9700\u8be6\u7ec6\u5efa\u8bae\u548c\u652f\u6301\u3002<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5730\u5740\uff1a\u80e1\u5fd7\u660e\u5e02\u65b0\u987a\u574a43\u885719A\u53f7<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u624b\u673a\/\u624e\u6d1b\uff1a0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7535\u5b50\u90ae\u4ef6\uff1a <\/span><a href=\"mailto:man@man.net.vn\"><span style=\"font-weight: 400;\">man@man.net.vn<\/span><\/a><\/li>\n<\/ul>\n<p>\u5185\u5bb9\u5236\u4f5c\uff1a\u5148\u751f\u00a0<a href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">\u9ece\u9ec4\u5ba3<\/a>\u00a0\u2013 MAN \u2013 Master Accountant Network \u7684\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6267\u884c\u5b98\uff0c\u8d8a\u5357\u6ce8\u518c\u4f1a\u8ba1\u5e08\uff0c\u62e5\u6709\u8d85\u8fc7 30 \u5e74\u7684\u4f1a\u8ba1\u3001\u5ba1\u8ba1\u548c\u8d22\u52a1\u54a8\u8be2\u7ecf\u9a8c\u3002<\/p>\n<p style=\"text-align: right;\"><em><b>MAN \u7f16\u8f91 \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>C\u00f4ng th\u1ee9c t\u00ednh l\u00e3i vay giao d\u1ecbch li\u00ean k\u1ebft l\u00e0 n\u1ed9i dung doanh nghi\u1ec7p b\u1eaft bu\u1ed9c ph\u1ea3i n\u1eafm v\u1eefng \u0111\u1ec3 tu\u00e2n th\u1ee7 Ngh\u1ecb \u0111\u1ecbnh 132\/2020\/N\u0110-CP v\u00e0 h\u1ea1n ch\u1ebf t\u1ed1i \u0111a r\u1ee7i ro b\u1ecb lo\u1ea1i chi ph\u00ed khi thanh tra thu\u1ebf. Trong b\u1ed1i c\u1ea3nh c\u01a1 quan thu\u1ebf t\u0103ng c\u01b0\u1eddng ki\u1ec3m so\u00e1t giao d\u1ecbch li\u00ean k\u1ebft, vi\u1ec7c [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/comments?post=2494"}],"version-history":[{"count":3,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2494\/revisions"}],"predecessor-version":[{"id":2759,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/2494\/revisions\/2759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/2495"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=2494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=2494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=2494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}